Month: April 2017

An inventory is a list of all items in the property, the walls, flooring, fixtures & fittings are just as important as any furniture as these can still be damaged by the tenant. Once a tenancy has come to an end we conduct an inspection based on the original inventory to establish whether the tenant has caused any damage above fair wear and tear in order to recover any costs to rectify the issues from their deposit.

If you have a question big or small email marplelettings@julianwadden.co.uk with the Subject Ask Jonathan, looking forward to hearing from you.

The number of second homes registered in a local area can really give you a feel of if the area is right for you. In SK6, the mix is as follows:
No 2nd address 96.2%
2nd address within the UK 2.7%
2nd address outside the UK 1.1%
(Dated May 2017)

The Garden House is going from strength to strength and I had the pleasure of popping down to see what all the fuss is about. They have an array of animals with a cafe and plenty of parking. Set on Lakes Road leading down to the Roman lakes it is situated in a beautiful spot with river walks.

Want to know how in demand properties in a given area are? Occupancy is a useful indicator for demand, as well as illustrating how spacious or cosy properties are in the local area. In SK6, 60.9 per cent of properties have two or more extra rooms and 21.9 per cent have one extra room.

The weather may still be warming up outside, but it’s already a hot time of year for the property market. The expected uptick in sales has materialised as you can see from the chart. Particularly notable are sales levels of flats, which have increased 69.1 per cent since the last quarter of 2015.

With increasing clarity from the government, the housing market is returning to it’s usual stride. Looking at quarter-on-quarter price data in SK6, we can see that the average sold prices of flats is up 11.2 per cent since the third quarter of 2016.

New housing is a hotly debated subject in the UK. Despite the recent uptick in building rates, demand continues to outstrip supply and more affordable homes need to be built. The situation has improved over the last few years; the number of new homes started and finished in the UK is at a nine-year high. However, forecasts show that England alone needs to build 50 per cent more homes to keep up with demand, so the issue is far from resolved. The pressure is mounting on the government to find a solution.

156,140 new homes were registered for construction in 2015, the highest it has been in eight years. This was half a per cent higher than the previous year and 45 per cent higher than 2009

From 2014 to 2015, private sector starts increased by seven per cent, while Housing Association starts rose by five per cent. That means that since the credit crunch in 2008, the UK housing stock has grown by around five percent, which is no small feat.

This well presented three bedroom semi-detached property located in a quite cul-de-sac in Bredbury has been fully modernized throughout, comprising of an 18ft lounge and fitted kitchen downstairs. Upstairs you will find three bedrooms, two of which are doubles and white 3 piece bathroom suite. Externally you will find off road parking for multiple vehicles and an enclosed garden at the rear.

The potential yield for this property is 5.8% based on £750 pcm. ready to move into and offered with no onward chain this property surely won’t be on the market long.

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About the blog

This blog follows the property and buy to let market in Marple, The Bridge, Mellor and Compstall. You’ll find insight, commentary and analysis that relates specifically to SK6, along with the latest investment deals from all agents in the area.

jonathan hyde – the author

I have always worked in property and originally opened and head up Julian Wadden Marple. I am passionate about our area, so if you have any property related questions, whether buying, selling, letting out or just curious about what’s happening this very moment in the Marple, Marple Bridge, Mellor and Compstall property market then just pop into my office, alternatively call or e-mail me. I look forward to hearing from you and having a chat.